LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FOURTH SEMESTER – APRIL 2011

EC 4504 – FISCAL ECONOMICS

 

 

 

Date : 08-04-2011              Dept. No.                                       Max. : 100 Marks

Time : 1:00 – 4:00

 

PART – A

Answer any FIVE questions in about 75 words each.                                 (5×4=20 marks)

 

1. Define private finance.
2. What is current expenditure?
3. Distinguish between tax and fees.
4. What is forward shifting?
5. Define fiscal policy.
6. State the nuances of regressive and proportional taxation.
7. Discuss Wagner hypothesis of public expenditure.

 

PART – B

Answer any FOUR questions in about 300 words each.                             (4×10=40 marks)

 

1. Bring out the principles of maximum social advantage.
2. Discuss the effects of public expenditure.
3. Explain the canons of taxation.
4. Examine the different theories of incidence of taxation.
5. Analyse the objectives of fiscal policy.
6. Discuss the principles of indirect taxation.
7. Explain the effects of taxation on production.

 

PART – C

Answer any TWO questions in about 900 words each.                                    (2×20=40 marks)

1. Discuss the nature and scope of public finance.
2. Explain the causes for the growth of public expenditure.
3. Absolute taxable capacity is a myth while relative taxable capacity is a reality-comment.

Bring out the incidence of commodity taxes.

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